Japan's SoftBank under-reported income by $380m last fiscal

Japan's SoftBank under-reported income by $380m last fiscal

FILE PHOTO: A man talks on the phone as he stands in front of an advertising poster of the SoftBank telecommunications company in Tokyo October 16, 2015. REUTERS/Thomas Peter/File Photo

SoftBank Group Corp under-reported income to Japan’s tax authorities by around 40 billion yen ($380 million) in the financial year ended March 2019, a person with knowledge of the matter said, requiring the conglomerate to resubmit filings.

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